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Elliott waves analysis

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

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Elliott waves analysis

18 - 22 July	weekly forecast 18 - 22 July Sell Silver Silver Weekly Analysis: Silver has been in an active down trend. As long as the price remains below the two moving averages shown above, I expect nothing but a possible rally to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to th More
2022	EURUSD	GBPUSD	USDJPY
22 July	We are buyers towards 1.0450. Wave Analysis: The Euro bounced off from the impulsive wave cycle three towards the lower trendline at the corrective wave cycle four. Right now the price is on the lower trendline, I expect a rebound towards the upper trendline around 1.0450 in continuation of the impulsive wave cycle five. On th More	We are buyers. Wave Analysis: Previously, the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four, We had anticipated a rebound from the lower trendline towards the upper side in continuation of the impulsive wave cycle five. Right More	We are buyers. Wave Analysis: During yesterday's forecast, we had anticipated that the price would bounce back to the lower trendline at the corrective wave cycle four then rebound towards the upper side in continuation of the impulsive wave cycle five. As at now the price is rallying towards the upper side, I ex More
21 July	We are sellers.	We are buyers.	We are short.
20 July	We are sellers.	We are buyers.	We are buyers.
19 July	We are long.	We are short.	We are buyers.
18 July	We are sellers.	We are on the sidelines.	We are long.

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Elliott waves analysis

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